Case Study: Food & Beverage Company achieves $500K in fleet acquisition savings with Element Fleet Management

Food & Beverage Company - Customer Case Study

Food & Beverage Company faced a sudden fleet shortfall when a global microchip shortage led their OEM to cut production early, leaving 50 vehicles beyond replacement parameters and another 50 projected over the next 12 months. Element Fleet Management was engaged to find an innovative acquisition strategy to meet the company’s immediate and near-term vehicle needs.

Element Fleet Management advised the customer to contact the OEM about recently canceled factory orders and secured allocation for 100 vehicles, meeting ordering needs for the next 12 months. By using Element Fleet Management’s proactive factory-ordering approach instead of dealer stock, the client avoided dealer markups and higher maintenance costs and achieved roughly $500K in total savings on 100 units (based on an average dealer stock premium of $5K per vehicle).